Silver and Schor of Treeline handle 32,135 s/f for NYC Transit Authority

According to The Treeline Companies, an owner and manager of office properties throughout the New York metropolitan region, the NYC Transit Authority has recently signed a new lease for 32,135 s/f, encompassing the entire third and fourth floors, at 177 Livingston St. Kraig Silver, senior vice president of Treeline Companies, was the procuring broker and represented the owners in the transaction. Ingram Hebron assisted in the deal, and Michael Schor, executive vice president/general counsel for The Treeline Companies, was the attorney. As part of the long-term lease, NYC Transit will also occupy part of the ground floor, where a separate entrance and lobby will be created for the agency by The Treeline Companies. In addition to the new lease at 177 Livingston St., The Treeline Companies and the Transit Authority also completed the restructuring and extension of their current long-term lease for nearly 124,000 s/f at Treeline's 180 Livingston St., located across the street. Following a year-long renovation and restoration program, 177 Livingston St. has been transformed from an underutilized former Macy's warehouse into a stunning class A office property offering seven stories of pre-war spaciousness with 15,000 s/f wide-column floor-plates. Other tenants at the new 177 Livingston St., which has reached 80% occupancy in less than one year on the market, include HeartShare Human Services of New York, Legal Services for New York City, and Brooklyn Defenders.